FCEPL sees strong Q1 with 63% profit jump YoY

MG News | April 21, 2025 at 03:38 PM GMT+05:00
April 21, 2025 (MLN): FrieslandCampina Engro Pakistan Limited (PSX: FCEPL) posted a robust 63% year-on-year (YoY) growth in net profit for the quarter ended March 31, 2025, clocking in at Rs1.08 billion [EPS: Rs1.42], up from Rs664.77 million [EPS: Rs0.87] in the same period last year.
The company’s revenue from contracts with customers declined slightly by 5.3% to Rs26.02bn, down from Rs27.46bn in Q1 2024.
However, cost of sales fell more sharply by 6.85% YoY, allowing gross profit to improve marginally by 2.5% to Rs4.75bn.
Administrative expenses rose 23.3% YoY to Rs527.14m, while distribution and marketing expenses dropped 13.5% to Rs1.88bn.
Other operating expenses surged 124% YoY to Rs233.84m.
Notably, other income more than doubled, increasing 183.7% YoY to Rs110.48m, supporting overall profitability.
Finance costs decreased significantly by 53.2% YoY, standing at Rs404.94m, likely due to better cash flow management and lower borrowing costs.
Profit before tax stood at Rs1.82bn, reflecting a strong 64.4% YoY increase, while taxation also rose by 66.1% to Rs732.49m.
Condensed Interim Statement of Profit or Loss (Unaudited) | |||
Description | Mar-25 | Mar-24 | %Change |
Revenue from contracts with customers - net | 26,015,514 | 27,463,601 | -5.27% |
Cost of sales | (21,267,375) | (22,832,037) | -6.85% |
Gross profit | 4,748,139 | 4,631,564 | 2.52% |
Distribution and marketing expenses | (1,875,446) | (2,167,800) | -13.49% |
Administrative expenses | (527,135) | (427,634) | 23.27% |
Other operating expenses | (233,841) | (104,405) | 123.97% |
Other income | 110,482 | 38,946 | 183.68% |
Operating profit | 2,222,199 | 1,970,671 | 12.76% |
Finance costs | (404,935) | (864,996) | -53.19% |
Profit before taxation | 1,817,264 | 1,105,675 | 64.36% |
Taxation | (732,486) | (440,902) | 66.13% |
Profit for the period | 1,084,778 | 664,773 | 63.18% |
Earnings per share - basic and diluted | 1.42 | 0.87 | 63.22% |
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